Loans to Government Now N42trn – CBN
Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year.
According to the Money and Credit Statistics data...
Naira Gains by Over 8% in One Week
The naira appreciated by N137.69 against the United States dollar within a week, following the introduction of the Central Bank of Nigeria’s new foreign exchange platform.
Data obtained from the CBN’s website on Sunday showed that the closing...
Naira Continues to Appreciate at Official Market
The naira has continued to strengthen on the official trading window, the Nigerian Autonomous Foreign Exchange Market, as the Central Bank of Nigeria launched the new Electronic Foreign Exchange Matching System this week.
According to data on the CBN...
CBN Clarifies Staff Early Exit Exercise
...Says Participation is Entirely Voluntary
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
Speaking in Abuja on...
Banks Raise Withdrawal Limit to N50,000 Daily
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day.
A survey conducted by our correspondent on Tuesday revealed that banks, including Guaranty Trust Bank and Zenith Bank, have increased...
Forex Turnover in NAFEM Rises by 61% to $43bn
The volume of dollar traded (turnover) in the Nigerian Foreign Exchange Market (NAFEM) rose Year-on-Year (YoY) by 61.9 percent to $43.09 billion in the first eleven months of 2024 (11M’24) from $26.6 billion in the corresponding...
